对黄金的最新看法，还能上车吗？

Core Viewpoint - The article discusses the performance and outlook of gold-related funds, emphasizing the potential for gold as a long-term investment due to macroeconomic uncertainties and central bank purchasing trends [1][4]. Fund Overview - There are 36 gold-related funds in the market, with 19 remaining after filtering for RMB A-class shares [1][2]. - The funds are ranked by their combined scale, management fees, and custody fees, with some funds having lower fees, such as those from Huaxia and ICBC, which have a management fee of 0.15% and a custody fee of 0.05% [2][3]. Fund Manager Insights - Huaan Fund (Xu Zhiyan): Optimistic about gold's long-term value due to ongoing monetary easing and central bank purchases, with gold prices rising significantly in early 2025 [6][9][13]. - Bosera Fund (Zhao Yunyang): Highlights the continued purchasing power of central banks and the potential for market adjustments due to U.S. debt ceiling issues, maintaining a positive outlook on gold [19][21][22]. - E Fund (Bao Jie): Notes that gold prices are influenced by U.S. monetary policy and geopolitical uncertainties, with a focus on the changing pricing framework for gold [32][34][35]. - Guotai Fund (Ai Xiaojun): Emphasizes the importance of central bank purchases and geopolitical risks in supporting gold prices, while acknowledging potential risks from U.S. dollar fluctuations [39][40][41]. - Hua Xia Fund (Rong Ying): Continues to see gold as a valuable asset, driven by central bank demand and geopolitical tensions, with a strong performance in early 2025 [49][51]. - ICBC Credit Suisse Fund (Zhao Xu): Points out the influence of U.S. monetary policy and global uncertainties on gold prices, with a focus on the ongoing central bank purchases [53]. - Jianxin Fund (Zhu Jinyu): Believes that U.S. inflation trends and geopolitical uncertainties will support gold prices, with a positive outlook for 2025 [55]. - Noan Fund (Song Qing): Maintains a positive view on gold prices, driven by central bank purchases and geopolitical tensions, with a significant increase in gold prices in early 2025 [57][59]. - Qianhai Kaiyuan Fund (Liang Pusen): Discusses the impact of U.S. monetary policy and geopolitical risks on gold prices, emphasizing the importance of gold in asset allocation [63][64]. Market Trends - Gold prices have shown strong performance, with a significant increase in early 2025, driven by macroeconomic factors and central bank purchases [13][14][22][78]. - The article highlights the ongoing trend of central banks purchasing gold, with 2024 seeing over 1000 tons of net purchases, maintaining high demand for gold as a long-term value storage tool [15][60]. - Geopolitical tensions and economic uncertainties are expected to continue supporting gold as a safe-haven asset, with potential for further price increases [27][39][70].